OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of…
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Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices…
Germany’s Uniper (UN01.DE) is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for U.S. gas, so it can boost supplies in…
The global energy market will get a million barrels of oil if the US and Iran resuscitate the 2015 nuclear deal, but even if they do, it…
Sep WTI crude oil (CLU22) today is down -1.36 (-1.50%), while Sep RBOB gasoline (RBU22) is up +0.0403 (+1.36%). Sep nat gas (NGU22) is…
Russian oil pipeline flows resumed to Central Europe on Wednesday, ending a six-day halt, after Hungarian group MOL paid transit fees owed to Ukraine, providing a temporary…
The chairman of Iran-Iraq Joint Chamber of Commerce said that Iraq tries to increase import of gas from Iran.
Yahya Al-e Es’haq made the…
A member of the Energy Committee of the Islamic Assembly considered the construction of petro-refineries as one of the defense tools to fight the sanctions, and said:…
Oil prices see-sawed on Tuesday, as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe…
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow,…
Oil prices fell Monday, extending last week’s hefty losses, amid persistent concern about weakening demand with the Federal Reserve likely to continue its aggressive monetary tightening.
Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western…
Spain’s government said on Monday that an energy saving plan approved last week will not be postponed and is mandatory, despite calls by the opposition and regional…
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon…
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat…
India’s crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand
In…
Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas.
Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid’s (NG.L) gas transmission and metering…
The Dispatching Director of Iran National Gas Company emphasized the important and decisive role of the 42-inch Rasht-Chalund gas transmission line in gas exchange with the Republic…
An electricity industries spokesman said that Iran is highly expert in manufacturing thermal power plants and exporting them to regional countries.
Mostafa Rajabi Mashhadi…